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Do you want to see how your tax dollars are spent? Are you interested in learning about major economic development deals, infrastructure investments and new programs and initiatives that aim to improve the quality of life in The American Dream City?
If so, check out the City of Arlington's 2019 Popular Annual Financial Report (PAFR). It's our version of a corporate annual report, condensed to a few pages of interesting stories and financial information.
You'll find dozens of success stories as Arlington continues its work to champion great neighborhoods. You can learn about investments in our libraries and recreation centers, plus the self-driving shuttle service, putting technology to work for you. Our first responders continue to go above and beyond, and this year’s report highlights some of the honors they took home in 2019. The report also looks forward, as we work to realize the goal of being a live, learn, work and play City.
The PAFR is a citizen-friendly financial report that uses narrative, photos and graphics to explain the information found in the Comprehensive Annual Financial Report (CAFR). Both are published at the same time each year.
THE FINANCIAL STATE OF ARLINGTON
A new analysis of the audited financial reports found Arlington has a Taxpayer Surplus of $2,100, earning it a “B” grade from Truth in Accounting.
Unlike most cities, Arlington’s city government has enough resources available to pay all of its bills, including public employees’ retirement benefits. This means that Arlington’s elected officials have truly balanced their budgets. When broken down, the amount available to pay future bills results in a surplus of $2,100 for each Arlington taxpayer.
Arlington continues to build on its economic momentum with a planned $810 million expansion of the Entertainment District, which would add a best-in-class hotel brand, new convention center, corporate office headquarters, mixed-use residential building, small business coworking and incubator space, and even more dining, retail, and entertainment options for residents and visitors alike in The American Dream City.